Luxury fashion puts on a brave face about China – CNBC

In general, Chinese consumers are still buying luxury brands, just not at the same rate, said Fflur Roberts, head of luxury goods at Euromonitor International.

“They have had a long history of buying luxury abroad, where it is cheaper, but owing to the unfavorable exchange rates they have been buying much less. Prices may also go up in China in the short-to-medium term, meaning they are even more inaccessible,” said Roberts.